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new GI Bill, as explained above, works as a contributory system.
While on active duty, the government helps build up the enlisted
person's educational savings account. The Veterans Administration
will also contribute funds to help. Additional bonuses are awarded
for special services and training. A soldier, sailor, or airman
can attend college full-time after active duty with the accumulated
moneys being paid out to him in monthly installments.
The GI Bill affects everyone enlisting after
July 1, 1985. The VEAP (Veteran's Educational Assistance Program)
provides educational benefits for those enlisted prior to
that date. It is similar to the new GI Bill in that the government
matches participants' contributions (two to one up to $5,400).
Visit the Veteran's Benefits
web site for more information. /
Dependents of deceased or disabled veterans
as well dependents of POWs and MIAs are eligible for Social
Security Administration and Veterans Administration educational
benefits. Immediate family members of veterans can apply for
college education aid programs including special scholarships
( EX. AMVETS National Scholarship Program) and interest-free
loans.
For a complete listing of association benefits
and programs available to families of former military members
write for the annual guide: Need a Lift? $3.95 published
by the American Legion, National Emblem Sales, P.O. Box 1050,
Indianapolis, IN 46206. (888) 453-4466. Or visit their
web site .
Another recommended source for exploring
military related opportunities for financial aid is "How the
Military Will Help You Pay for College." by Don M. Betterton
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